How the future of Smart building and Smart city technologies will look like?

Smart buildings are the future of commercial real estate, and there’s no denying that. They promise energy efficiency, cost savings, and a better experience for tenants and building managers alike. However, traditional building management systems have proven to be a major roadblock in realizing this vision. They are difficult to integrate, expensive, and ultimately, not efficient after a certain time.

Think of it like driving an autonomous car but not knowing how traffic changes in different parts of the road. Just like the car, smart buildings can only be as intelligent as the data that is fed into them. And when it comes to understanding how people use a building, traditional systems just don’t cut it.

Let’s take a closer look at the challenges posed by traditional building management systems. Firstly, integration is a major issue. Building management systems tend to be siloed, meaning that different systems for heating, cooling, lighting, and security don’t talk to each other. This makes it difficult to get a holistic view of the building and make informed decisions based on real-time data.

Secondly, these systems are expensive. The initial costs of installation and ongoing maintenance fees can be prohibitively high, especially for smaller buildings. In addition, these systems are often proprietary, which means that building managers are locked into using the same provider for all of their building management needs. This can lead to a lack of competition and innovation, which is detrimental to the development of the industry.

Finally, traditional building management systems are not efficient over time. They do not see and understand how human behavior and usage trends change during the day, which can lead to inefficient energy usage and a poor user experience. This is because these systems do not take into account how people use a building in different time zones and how this changes throughout the day.

So what’s the solution? The answer lies in a more intelligent and data-driven approach to building management. By using sensors, machine learning algorithms, and artificial intelligence, smart buildings can gain a deeper understanding of how people use a building and make informed decisions based on this data. This leads to more efficient energy usage, better building performance, and a better experience for tenants and building managers alike.

But this is just the tip of the iceberg. The real potential of this technology lies in its ability to unlock new revenue streams for commercial real estate owners. By using data to better understand how people use buildings, commercial real estate owners can create new business models and value propositions that were previously not possible. For example, they can offer more personalized services to tenants based on their usage patterns, optimize their building portfolios, and even create new revenue streams by selling data and insights to other stakeholders in the industry.

In conclusion, traditional building management systems are not equipped to handle the demands of the modern world. By embracing a more data-driven approach to building management, commercial real estate owners can unlock new revenue streams, improve building performance, and provide a better experience for tenants and building managers.

So, are you ready to join the revolution in building management? If so, then invest in the future of smart buildings and watch your business grow. With the right technology, you can turn your commercial real estate into a smart and efficient machine that delivers value to all stakeholders.

So, let’s end this post with a bold statement that will excite venture capital investors:

“Investing in the future of smart buildings is not just about reducing costs and improving energy efficiency. It’s about creating new revenue streams and unlocking the full potential of commercial real estate. Join the revolution today and watch your business soar.”